…..Dow, S&P, and Russell hit record highs. Computers have taken over stocks. Wholesale inflation flat. Home prices pop. NFIB small biz optimism flat. CFO optimism wanes. Waiting on the Fed. Mr. Sessions in the briar patch. Russian cyberattack was bigger than thought. Financial Review by Sinclair Noe for 06-13-2017 DOW + 92 = 21,328 (record) SPX + 10 = 2440 (record) NAS + 44 = 6220 RUT + 6 = 1425 (record) 10 Y un = 2.21% OIL – .13 = 45.95 GOLD + .60 = 1267.10   The Dow Jones Industrial Average and the S&P 500 Index ended at all-time highs, while the Nasdaq 100 Index bounced back from its biggest two-day drop since September. European and emerging-market equities advanced. Sterling rose for the first time since the U.K. election. Ten-year Treasury yields held near 2.21 percent and the dollar slipped versus major peers before the Fed is projected to raise rates Wednesday. Tech stocks enjoyed a bit of a rebound but there are still concerns about valuations. A Bank of America Merrill Lynch report found a record 44 percent of fund managers polled in a monthly survey see equities as overvalued, up from 37 percent in May. The technology-heavy Nasdaq Composite Index was named the most crowded trade, with 57 percent of investors saying Internet stocks are expensive and 18 percent calling them “bubble-like.’’ In the ninth year of a bull market, stocks are expensive.   So, what was behind the recent two-day sell-off in tech? Did investors just get nervous? Are ...